Uber to buy transportation logistics company Transplace in $2.25 billion deal

Uber to buy transportation logistics company Transplace in $2.25 billion deal

- Uber Freight, the rideshare company's trucking division, said Thursday it's acquiring Transplace in a deal that values the transportation logistics company at $2.25 billion. - Uber Freight will acquire Transplace from TPG Capital, the private equity platform of alternative asset firm TPG. - The deal consists of of up to $750 million in common stock of Uber and the remainder in cash. Uber Freight, the rideshare company's trucking division, said Thursday it's acquiring shipping software company Transplace in a deal that values the transportation logistics company at $2.25 billion. Uber shares were slightly negative Thursday morning following the announcement. Uber Freight will acquire Transplace from TPG Capital, the private equity platform of alternative asset firm TPG that acquired Transplace in 2017. The deal consists of of up to $750 million in common stock of Uber and the remainder in cash. It's a rare move for Uber, which has spent the last year shedding its profit-eating self-driving unit and flying taxi segment. Instead, Uber has been choosing to pour billions into strengthening its Uber Eats segment, acquiring alcohol delivery company …
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